Refer to the financial information for Target Corporation, presented below:

Question NOT compete Tvarked out on 10.07 Flag question Compute ROA, Profit Margin, and Asset Turnover Refer to the financial information for Target Corporation, presented below: Target Corporation Balance Sheets January 28, January 29, ($ millions) 2012 2011 Assets Cash and cash equivalents $794 $1,712 Accounts receivable, net 5,927 6,153 Inventory 7,918 7,596 Other current assets 1,810 1,752 Total current assets 16,449 17,213 Property and equipment, net 29,149 25,493 Other noncurrent assets 1,032 999 $46,630 $43,705 Total assets Liabilities and shareholders' investment Accounts payable Accrued liabilities $6,857 $6,625 3,326 3,644 3,786 119 Current portion of long-term debt and notes payable Total current liabilities Long-term debt Deferred income taxes Other noncurrent liabilities 10,070 15,607 14,287 13,697 1,191 1,634 934 1,607 15,487 Total shareholders' investment 15,821 Total liabilities and shareholders' investment $46,630 $43,705 Target Corporation Income Statement Fiscal year ended January 28, 2012 $70.766 1,399 72,165 47,860 14.106 (5 millions) Sales Net credit card revenues Total revenues Cost of sales Selling general and administrative expenses Credit card expenses Depreciation and amortization Earnings before interest expense and income taxes Net interest expense Earnings before income taxes Provision for income taxes Net earnings 446 2,131 7,622 866 6.756 1,527 $5,229 a. Compute its return on assets (ROA) for the fiscal year ending January 28, 2012. Interest income for this year was $3 million, so interest expense was $869 million. Assume a statutory tax rate of 35%. (Round your answers to one decimal place.) Return on Assets = a. Compute its return on assets (ROA) for the fiscal year ending January 28, 2012. Interest income for this year was $3 million, so interest expense was $869 million. Assume a statutory tax rate of 35%. (Round your answers to one decimal place.) Return on Assets = % b. Disaggregate ROA into profit margin (PM) and asset turnover (AT). (Round your answers to one decimal place.) Profit Margin = % Asset Turnover = Check